HR 917 119th Congress House Taxation

Mortgage Debt Tax Forgiveness Act of 2025

Introduced: February 4, 2025 Introduced by: Brownley, Julia Democratic · California See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 4, 2025

Referred to the House Committee on Ways and Means.

Feb 4, 2025

Introduced in House

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Plain-English summary Congressional Research Service

Mortgage Debt Tax Forgiveness Act of 2025

This bill makes permanent the exclusion of the discharge of qualified principal residence indebtedness from gross income for federal tax purposes.

Under current law, a taxpayer may generally exclude from gross income up to $750,000 (or $375,000 if married but filing a separate federal tax return) from the discharge of indebtedness that is (1) incurred to purchase, build, or substantially improve a principal residence (or refinance such indebtedness); and (2) secured by the principal residence. The discharge must currently occur before January 1, 2026, and some limitations apply.

What's happening now February 4, 2025

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

NOSSAMAN LLP
for CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN B · California · 2nd Quarter (Apr 1 - June 30) 2026

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APA

U.S. Congress. (2026). H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-917/

MLA

"H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-917/.

Bluebook (legal)

H.R. 917, 119th Cong. (2026), https://openamerica.io/bill/119-HR-917/.

Markdown link

[H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025](https://openamerica.io/bill/119-HR-917/)